At the same time, internal emails sent this summer by senior sales employees in its Worldwide Field Operations - which works with customers to deploy its technology - reveal it's contending with some hurdles as it tries to tell clients a "comprehensive software story" and sell those products alongside its highly sought-after AI hardware.
"My mom taught me English, and she doesn't speak English," Huang said. "And that kind of tells you all." Huang was born in Taiwan, and his family moved to Thailand before he and his older brother were sent to the US when he was nine for a better education. He has previously said that his mother, who spoke Taiwanese Hokkien, began teaching them English to prepare them for the move to the US.
The last week of October, NVIDIA became the first publicly traded company to surpass a market cap of $5 trillion. In July, the AI chipmaker became the first publicly traded company to hit a $4 trillion market cap in early July. That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club.
For weeks, the government shutdown created a good deal of uncertainty. Today, though, markets are rocketing on news that the government shutdown may soon be over. The S&P 500 is up 62 points. The SPDR S&P 500 ETF ( SPY) is up $6.17 a share. The Dow is up about 173, as the tech-heavy NASDAQ rallies 370 points. In the latest agreement, some Democrats and Republicans finally reached a vote of 60 to 40 to advance the vote to the next stage.
The Nasdaq Composite fell more than 3% last week. Tech stocks in particular were under pressure with the Technology Select Sector SPDR (NYSE: XLK) down 4.2% NVIDIA may have fallen 7.1%, but other semiconductor stocks also fell. Broadcom ( Nasdaq: AVGO) fell 5.5% while AMD ( Nasdaq: AMD) plunged 8.8%. The biggest news among this group of companies at the forefront of producing AI accelerators was AMD's earnings.
In late 2025, a series of multi-billion-dollar deals in the artificial intelligence sector is causing déjà vu among industry veterans. Money, computer chips, and cloud credits are rotating in a closed loop among a handful of companies: Nvidia, OpenAI, Microsoft, Oracle, AMD, CoreWeave, xAI, and a few others. This has fueled a trillion-dollar AI boom or bubble built on intertwined investments and contracts.
That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club. In September, the company announced plans to invest up to $100 billion in OpenAI. As a result, Evercore raised its price target on NVIDIA to $225 from $214 while keeping an "Outperform" rating, citing the OpenAI deal as the impetus, while Barclays raised its price target to $240 from $200, maintaining its "Overweight" rating.
Apple has become the third company to see its market capitalization top $4 trillion, underscoring its role as one of the leading publicly traded tech companies and making it the second-most valuable company in the world. Shares of the company briefly topped $269.53 soon after trading began on Tuesday, putting it above the milestone. Apple was the first company to top $1 trillion, $2 trillion, and $3 trillion in market capitalization. But Nvidia beat it to the $4 trillion mark, on the back of surging investor interest in artificial intelligence. That company's staggering chip sales have boosted its stock more than 400% since October 2023.
First, Lucid will roll out a more advanced version of its partially automated driving assist for the Gravity SUV, which it says has been "turbocharged by Nvidia Drive AV." But after that, the plan is for a so-called "level 4" autonomous system, capable of driving itself from point to point without human intervention, at least within a geofence or other limited operational design domain.
President Donald Trump is hinting that the US could not only open the Chinese market back to Nvidia but might even allow the chipmaker to sell its most advanced product. According to Bloomberg's Billionaire Index, Huang is now the ninth richest person in the world, behind former Microsoft CEO Steve Ballmer and ahead of Dell CEO Michael Dell. Year over year, Huang's wealth has increased by $51 billion.
The broad index of large-cap companies in the S&P 500 closed flat, but the tech-heavy Nasdaq 100 rose 0.55%. Tech stocks were led by Nvidia, which was up 3%, and now has a market cap of more than $5 trillion. (Its stock is down 0.7% premarket this morning, suggesting that some traders are taking their overnight gains.) To put that in perspective, Nvidia's market cap is bigger than the GDP of every G7 country except the U.S. and Japan.
Nvidia Corp. Chief Executive Officer Jensen Huang still hopes to sell chips from the company's Blackwell lineup to customers in China, though he has no current plans to do so, he told reporters Friday. Asked whether Nvidia intends to sell AI accelerators from that family of products in the Asian country, the tech chief said, "I don't know. I hope so someday."
Nvidia CEO Jensen Huang has gone from a little-known tech executive to a globally famous AI superstar very, very fast - and one photo from his trip to South Korea this week shows it. During the trip - which coincides with President Donald Trump's meeting with China's leader, Xi Jinping - Huang did what many businesspeople do on trips and met some contacts for dinner.
Semiconductor giant Nvidia is looking to invest at least $500 million, and up to $1 billion, in Poolside, which builds AI models for software development, according to reporting from Bloomberg, which cited sources. This investment would be part of a $2 billion funding round Poolside is raising at a $12 billion valuation, according to Bloomberg. Nvidia's investment could rise to $1 billion if the company successfully completes the rest of the funding round, Bloomberg reported.